Moneycontrol
Get App
SENSEX NIFTY
you are here:

Rajasthan Petro Synthetics Ltd.

BSE: 506975 | NSE: RAJASPETRO | Series: NA | ISIN: INE374C01017 | SECTOR: Textiles - Manmade

BSE Live

Mar 02, 16:00
6.20 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
100
10-Day
110
30-Day
2,593
100
  • Prev. Close

    6.20

  • Open Price

    6.20

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    6.19 (1100)

Rajasthan Petro Synthetics is not traded on BSE in the last 30 days

NSE Live

Dec 27, 11:22
2.00 -1.00 (-33.33%)
Volume
No Data Available
5,885
  • Prev. Close

    3.00

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Rajasthan Petro Synthetics is not listed on NSE

Annual Report

For Year :
2015 2013 2012 2011 2000

Director’s Report

The Members, The Directors have pleasure in presenting their 33rd Annual Report and the Audit Financial Statements for the Financial Year ended March 31, 2015. 1. Operations: During the year under review, the Company undertook sub-contract work for a C&F Agent. The Company incurred a loss of Rs. 0.63 lacs against a profit of Rs. 28.03 lacs made last year 2. Change in the nature of business, if any There is no change in the nature of business during the year under review. 3. Dividend Since the Company incurred loss during the year, hence your Directors do not recommend any dividend. 4. Reserves No amount has been transferred to Reserves during the year as the Company incurred loss. 5. Directors and Key Managerial Personnel Mr. Rishab Goel, Director, retire by rotation at the forthcoming Annual General Meeting and being eligible, offer himself for reappointment. Mr. B.R.Goyal retires by rotation & it is proposed to appoint him as an Independent Director for a period of 5 years ending on 31st March 2020. Ms. Sunita Rana, who was appointed as an Additional Director on 15.12.2014 as Woman Director in Independent capacity hold office up to the ensuing Annual General Meeting and being eligible the Board recommends her appointment for a period of 5 years. Mr. Manoj Kumar Khemani has vacated his office under section 167(1)(c) as Director of the Company w.e.f. 27.05.2015. The Company has received declarations from all the independent directors of the Company confirming that they meet the criteria of independent in terms of the Companies Act 2015 and Clause 49 of the Listing Agreement. Mr. K. K. Jha has been appointed as Chief Financial Officer of the Company with for a period of 3 years effect from 26.03.2015. Mr. K. Sukumaran has resigned as Company Secretary cum Compliance Officer of the Company with effect from 31.12.2014. 6. Particulars of Employees: Pursuant to the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Statement of particulars of employees is annexed as Annexure I. 7. Meetings During the year Eight Board Meetings and 4 Audit Committee Meetings were convened and held, the details of which are given in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013. 8. Board Evaluation Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration and Compliance Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report. 9. Remuneration Policy The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The Remuneration Policy is stated in the Corporate Governance Report. 10. Details of Subsidiary/Joint Ventures/Associate Companies The Company has no subsidiary or joint venture or associate company. 11. AUDITORS: The Auditors, M/s M.B.R & Co., Chartered Accountants, New Delhi, retire at the ensuing Annual General Meeting and, being eligible, offer themselves for reappointment for a period of 1 year from the conclusion of this Annual General Meeting till the conclusion of next AGM. 12. AUDITORS'' REPORT The Auditors'' Report does not contain any qualification. Notes to Accounts and Auditors remarks in their report are self-explanatory and do not call for any further comments. 13. Secretarial Audit Report In terms of Section 204 of the Act and Rules made thereunder, M/s. Mukesh Agarwal & Co, Practicing Company Secretary have been appointed Secretarial Auditors of the Company. The report of the Secretarial Auditors is enclosed as Annexure II to this report. The minor short comings pointed out in the report has been rectified/ complied with. 14. Internal Audit & Controls The Company has appointed M/s G.K. Rohra & Co. as its Internal Auditors. During the year, the Company implemented their suggestions and recommendations to improve the control environment. Their scope of work includes review of processes for safeguarding the assets of the Company, review of operational efficiency, effectiveness of systems and processes, and assessing the internal control strengths in all areas. 15. Vigil Mechanism : In pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013, a Vigil Mechanism for directors and employees to report genuine concerns has been established. The Vigil Mechanism Policy has been uploaded on the website of the Company at www.rspl.co.in under compliance of the listing agreement. 16. Risk management policy A policy indicating development and implementation of a risk management policy for the Company including identification therein of elements of risk, this in the opinion of the Board may threaten the existence of the company has been framed and is given on the company''s website at www.rspl.co.in under Risk Management Committee link. 17. EXTRACT OF ANNUAL RETURN: As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract of annual return in MGT 9 as a part of this Annual Report is given as ANNEXURE III . 18. Material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relate and the date of the report There is no material changes and commitments affecting the financial position of the company between the end of the financial year of the company to which the financial statements relate and the date of the report. 19. Deposits No deposits have been received by the Company under Chapter V of the Companies Act, 2013. 20. Particulars of loans, guarantees or investments under section 186 No loans, guarantees and investment has been granted by the Company during the financial year. 21. Particulars of contracts or arrangements with related parties: There is no related party contracts or arrangement by the company during the reporting financial year. 22. MANAGEMENT DISCUSSION AND ANALYSIS The Management Discussion and Analysis forms part of this Annual Report for the year ended 31st March, 2015 is given in ANNEXURE IV. 23. OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013 The provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 is not applicable to our Company as the no. of employee is below 10. 24. Conservation of energy, technology absorption and foreign exchange earnings and outgo The Company has nothing to report under this heading as the Company is not presently involved in manufacturing or processing activities. Foreign exchange earnings and Outgo Foreign exchange earnings during the year-Nil Foreign exchange spent during the year-Nil 25. Human Resource Industrial Relation during the year under review, were cordial and peaceful. 26. Directors'' Responsibility Statement The Board of Directors pursuant to clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, state that (a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; (c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (d) the directors had prepared the annual accounts on a going concern basis; and (e) the directors, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively. (f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. 27. Transfer of Amounts to Investor Education and Protection Fund The Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF). 28. Listing with Stock Exchanges: The Company confirms that it has paid the Annual Listing Fees for the year 2015-2016 to BSE where the Company''s Shares are listed. 30. Acknowledgements The directors would like to express their appreciation for the continued confidence reposed in them by the shareholders of the Company and look forward to their continued support. For and on behalf of the Board of Directors Place:New Delhi (S.S.Shaktawat) (B.R.Goyal) Date : 27.5.2015 Director Director

Director’s Report